First Interstate reports Q1 2026 net income of $60.2 million, $0.61 per diluted share
First Interstate BancSystem reported first-quarter 2026 net income of $60.2 million, or $0.61 per diluted share, up from $50.2 million a year earlier but down from $108.8 million in the fourth quarter of 2025, which included a $62.7 million gain on the sale of its Arizona and Kansas branches. Net interest income fell 2.1% from a year earlier to $200.7 million, while net interest margin rose to 3.41%. The board also declared a $0.47 per share dividend, and the company repurchased 2.39 million shares during the quarter for about $84.0 million.
Key points
- Net income of $60.2 million, or $0.61 per diluted share, versus $108.8 million ($1.08) in Q4 2025 and $50.2 million ($0.49) in Q1 2025
- Q4 2025 noninterest income included a $62.7 million gain from the sale of the Arizona and Kansas branches
- Net interest income was $200.7 million, down from $206.4 million in Q4 2025 and down 2.1% from Q1 2025; net interest margin was 3.41%
- Dividend of $0.47 per share payable May 21, 2026, to holders of record as of May 11, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.